Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1887-02-26
THE ALICE NINE.

l. SSA ASSO ~ AS~AS
in 1888; the assay value Of each ton millet
was less than the previous years. Thil
accounts in part for this years product OF
net return being less than former years."
Continuing, Mr.. Walker adds: "Some
may not understand the relative value Of
gold and silver, and it is we'll to add that
the ratio Of silver to gold is Is 16 ounces
(nearly) Of silver to one ounce Of gold,
gives $1.29 29-1O0 per ounce Of silver fine,
as against $2O.67 per ounce OF gold 6ue.
As the product Of tho Alice Company's
mines 10 nearly all silver, the profit OF
mining the same 10 regulated by it's worth
in gold after it 10 extracted from the quarts
and Al all tho company's payments have
to be made in gold or it's equivalent, the
silver must be sold on tho market at it's
quotation for gold. Another pertinent
question arises, to what extent can the
company continue to produce silver with.
out sustaining q less? which can be an.
swered by saying, had silver continued to
depreciate from Gle per ounce-the price
it dropped to in July last-it could not
have gone down many points more before
it would have ceased to be profitable to
mine and mill"
In conclusion the President says: "A
vigorous policy viii DO adopted throughout
tho year, in prospecting and opening up
new ground, in the expectation of finding
more ores OF a better grade, to counterfeit
the depreciation OF silver.
The machinery of the company is in OK
celleLt condition. The Alice shaft is now
down to the 1,OOO-ioot level, from which
point vigorous prospecting will be carried
on. The Magma Charta shaft is down to
the 700-ioot level, and sinking will soon be
resumed to the 8O0-foot level, from which
cross-cuts will be run to intercept the differ
ent veins"
According to the Secretary's report the
company shipped during the year 1852
bars OF bullion, containing $4s, 3e6.7O OF
gold and SLIT, BOOST Of silver. Discount
is estimated at $2se, 0e6. 80, leaving a net
yield Of $3.50, 20O.6s. The net earnings Of
the company were $13S,541.16. Three
dividends were paid aggreeating SIS, 00e.
Additions to the plant have been made /
costing SIG, 992.67.
Superintendent Halls report is quite o
lengthy paper, in which is given the charae. ]
ter OF the improvements, condition OF the |
several mining properties OF tho company,
Developments made. condition Of the |
fire department, hospital, etc. A map Of
the underground workings OF tho proper.
ties is appended. During the year there
were milled a little over A, 234 gross tons
OF ore or SO, 739 tons net dry weight. Agreat
deal OF prospecting work was done within
the year. In the Alice 769 feet OF shafts and
were sunk; $3.50 feet Of drifting on
the course OF the veins aud 2.662 feet Of
were done, making a total Of
7,4s1 feet. Some valuable ground has
been opened up by these developments.
superintendent says: Especial men,
tion may be made OF the new ore body
lately opened upon the 1000-ioot level and
one on the 9OO-foot level. The ore BODY
the 1000 is very encouraging. The vein
is six feet wide, two feet OF which is nav
rock, and has an average assay OF IS
ounces. The work Of developing it is being
pushed. The 900 ore chute has
been but very lately opened, and shows a
better quality of pay rock as depth is at
The developments made on the 700 have
opened a new body OF ore to the west, that
bios fair to be productive of a good Grade
II pay rock. 7
While some of the older Slopes on the :
upper levels Of the mine, are gradually be. :
ng exhausted, very many OF them are still =,
producing considerable ore, OF u fair aver .
'ge milling quality, and will continue to be ,
for some time to come. These !
'laces, together with the new ore bodies !,
ateIy opened in the bottom levels OF the /.
nine, show a considerable supply of orefor 8
he future. +
On the Magma Charta, Valdemere. Curry. q
'oston and other outside claims an aggre- {
ate OF 4,735 has been run, making a total = =
1 1926 feet Of developments for the Z
ear-nearly two and one third miles. The "
lumber OF men employed in the mill and q
'iues is thus given by the Superintendent:
THE regular force Of men and boys em-
loyed underground IN the extraction of c.
res. dead work and prospecting is 248, II
nd sonsists OF miners, carmen, station o
t~oolboys, timbermen, pitman and n
'reman; 46 OF tho above number are con. p
actors; 80 are on prospecting and dead .
ork; the remainder, 172, are on extrac- Ia
IN. n
THE regular force employed on the sur d
zee and belonging to the mines is so, and p
insists OF engineers, b~lacksmiths and q
'elr helpers, carpenters, topmen and Ia. a.
orers. &c
The regular force employed in and 'e
oout the reduction works is II men, and p
cludes engineers, a~malgamators, roasters, d
men. battery feeders. transfers, m
elter, assayers, s~torehouse keeper, watch 81
clerks and superintendent, making a ca
total of 375 men and boys employed ID
the service of the company"
OF the fire department he says: 1.-THE
Of the Fire Companies Nos, / =.
ID 2 has been increased by the addition ~
0 feet OF two-inch hose. All other ap- =.
lanees are in excellent working condition g.
I'd ready for instant use. The efficiency =.
the men who compose the fire compa-
Is is excellent" The hospital has re-.
we'd twenty-four patients during the past
ar; two OF whom have died from injuries TO-
and one from heart disease. Nine ''
We been more or less injured from vari. "'
g causes, and twelve have suffered from M
binary complaints. The hospital il 90
.'intained by subscription Of $1.OO Der III
NTH from each employe. The receipts
the year, less $134.O3 balance on hand
nuary 1, 1886. were $6,547. 20. Dis.
rsements, $6.547.7O, of which sum ST.. {
2.O4 were expended on the reading room. fla,
. map OF underground workings is arts. n.
ally gotten up by Mr.. Gustave A. Korn. r.
z. c. E., OF this city. 1t shows O net ~.
TX OF levels, driftirgs, c~rosseuts, etc., an,
lch indicates the immense amount Of cal
done by the company upon its great IA,
r.-